Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: pawel7777 on March 02, 2025, 06:48:30 PM
-
Donald Trump confirmed on Truth Social media (I created an account there just to verify the message, so you don't have to; you're welcome) that he issued an executive order to create strategic reserve(s) including multiple cryptos:
First post (2h ago):
https://truthsocial.com/@realDonaldTrump/posts/114093526901586124
(https://www.talkimg.com/images/2025/03/02/qqHlm.png)
Followed by:
https://truthsocial.com/@realDonaldTrump/posts/114093946326587357
(https://www.talkimg.com/images/2025/03/02/qqZmW.png)
Market didn't take long to react and we're seeing a sharp incline in the price. Some exchanges seem overloaded, I struggled to log in to Kraken, it took few attempts.
-
ADA? ;D
This makes it obvious that Trump is just following advice from a crypto guy with heavy bags on those coins. Anyone thinks Trump knows what Cardano is?
Surprised me he didn’t mention PEPE ou WIF.
Anyways, good for BTC and ETH which should be the main bags, especially BTC (lets hope).
-
ADA? ;D
This makes it obvious that Trump is just following advice from a crypto guy with heavy bags on those coins. Anyone thinks Trump knows what Cardano is?
He picked the coins that are issued by a US company or have US footing, no wonder, XRP, SOL and ADA were on that list.
Donald Trump confirmed on Truth Social media that he issued an executive order to create strategic reserve(s) including multiple cryptos
The order is for the research group to create the framework for a reserve fund.
He can't create the reserve fund without the approval of the Congress.
It's in his own post:
A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.
-
He picked the coins that are issued by a US company or have US footing, no wonder, XRP, SOL and ADA were on that list.
I guess it makes sense. New crypto startups will probably start moving to the US to try to get the "made in USA" advantage, even if they have nothing to do with the country itself, maybe just an HQ. But I can't see Trump making the USA government buy a bunch of different new coins. New dex launches on network X and they have a dev team in the US, the government won't probably touch that.
-
Everybody's talking about this on BTT and on X. Exciting days and people are once again speculating bull run continuation whereas yesterday they wanna curse Trump. ;D
Charles of ADA been telling his audience about his meeting with top officials which he signed an NDA so this must be one of those meetings. its surprising that Trump didn't add Doge. Elon likes Doge, they are not making it exciting for Doge holders. This means ADA is not security?
-
I thought we were having a BTC strategic reserve, that was what i kept on hearing during Trumps presidential campaign. It is a crypto strategic reserve, with coins that we didn't even expect, any chance he might add some memecoins later, lol. BTC may not even get a lion share of the allocation in all of this.
-
I almost made this post, but I checked to see if anyone had already posted it hehehe
It took me by surprise that this news was posted on Sunday
I thought it would take a few more weeks for the president to confirm it
Impressive how quickly the United States is getting organized for cryptos, many states wanting to adopt a BTC reserve, the SEC canceling several lawsuits...
What will the price of BTC be in a few days? Hehehe
-
ADA? ;D
This makes it obvious that Trump is just following advice from a crypto guy with heavy bags on those coins. Anyone thinks Trump knows what Cardano is?
What's the problem with ADA? :-\
Surprised me he didn’t mention PEPE ou WIF.
It doesn't make sense to choose meme coins. ;D
Anyways, good for BTC and ETH which should be the main bags, especially BTC (lets hope).
These coins should be the priority, why don't US focus on BTC and ETH first. If they can succeed with these coins, they may try to have other coins. I also think it is too early to have too many coins as the reserves. However, they may have their own considerations for the choices.
-
Market didn't take long to react and we're seeing a sharp incline in the price. Some exchanges seem overloaded, I struggled to log in to Kraken, it took few attempts.
Actually the same thing happened to me when I entered the KuCoin exchange but I did not guess what was the reason I thought there was a slow internet which is common in my country.
Actually I saw a previous tweet on some telegram channels from Trump's official account (on Truth Social media) that tomorrow will be something very big, but I did not guess that it will be a decision to take a strategic reserve for cryptocurrencies.
This is a great thing and a big event that came at the right time to revive the market after its recent setback.
-
he said it easily, but the process to make it real is not as easy as it is said.. that's what caused the momentary pump, but when many people know that the application needs some approvals, it will make the price bounce down again....
We just passed the $92k mark after previously being from $78k... but now, the price has dropped back to $86k... this price drop has surprised some people, because the estimate would be bullish up to $100k again, but it turned out not to be realized... for now, let Trump cook it.. let's just wait for confirmed news until the certainty of the news becomes real...
-
XRP? With its recent developments, it might be.
SOL? I don't think so.
ADA? Worst decision that came from him.
TBH, I'm leaning more towards the fact that he just wants to pump the market hence, the announcement. In reality, it isn't that easy for an asset to be a strategic reserve asset, let alone these altcoins. Bitcoin should be enough IMO, and before Trump say things like this, he must do it with Bitcoin first.
Market manipulation at its finest. Just look at the market 24 hours after he said that.
-
...its surprising that Trump didn't add Doge. Elon likes Doge, they are not making it exciting for Doge holders.
I am not all surprised why DOGE is not included in the list of coins to be explored by the presidential working group all maybe because it is a memecoin and there can be wilder reaction to it if it is on the mix. Now, details of this crypto strategic reserves are still to be ironed out and there will surely be deep and meaningful discussions from the people involved with this project. We should be watching this development closely and see how the market is reacting. The announcement of Trump on this matter lead to Bitcoin gaining more than 10% growth but right now they are already gone as the price is now again hovering in the $80K...what happened was a gift to those fast enough to take advantage of the upward movement and this might be the pattern the market is to follow this month.
-
Eric Trump posted this on 25th, when the price was dropping hard:
(https://www.talkimg.com/images/2025/03/04/0dSb5.png)
Which leads many to believe he knew what was brewing in advance, but it could've been just a coincidence.
There was some obvious insider trading going on as well with someone making perfectly timed x50 leveraged long orders on BTC and ETH with few $millions:
https://www.timesnownews.com/world/us/us-news/insider-trading-whale-bets-big-on-btc-and-eth-before-trumps-crypto-post-on-truth-social-nets-6-8m-article-118667399
The pump was a short-lasting one with a classic 'middle finger' formation:
(https://www.talkimg.com/images/2025/03/04/0dC32.png)
Not going to lie, I expected much more out of it.
-
Eric Trump posted this on 25th, when the price was dropping hard:
(https://www.talkimg.com/images/2025/03/04/0dSb5.png)
Which leads many to believe he knew what was brewing in advance, but it could've been just a coincidence.
-snip-
Surely he knows what is going to happen and he gives a Buy signal when a big drop occurs.
this is a market manipulation done by the Trump family and they are getting richer with crypto and easily manipulating the crypto market with their tweets on X.
-
XRP? With its recent developments, it might be.
SOL? I don't think so.
ADA? Worst decision that came from him.
~
Market manipulation at its finest. Just look at the market 24 hours after he said that.
What did you think, that the reserve will be fo the US, or for buying assets of the ones that contributed to his campaign?
All this is no different from the banks or the pharma industry or whatever else, this is lobby and using government money to enrich some individuals, nothing more.
Surely he knows what is going to happen and he gives a Buy signal when a big drop occurs.
this is a market manipulation done by the Trump family and they are getting richer with crypto and easily manipulating the crypto market with their tweets on X.
Which under the previous administration would be a lawsuit from the SEC, but the freedom fighters wanted Gary gone, now enjoy Bitcoin being turned into a pump and dump scheme.
-
XRP? With its recent developments, it might be.
SOL? I don't think so.
ADA? Worst decision that came from him.
~
Market manipulation at its finest. Just look at the market 24 hours after he said that.
What did you think, that the reserve will be fo the US, or for buying assets of the ones that contributed to his campaign?
All this is no different from the banks or the pharma industry or whatever else, this is lobby and using government money to enrich some individuals, nothing more.
Surely he knows what is going to happen and he gives a Buy signal when a big drop occurs.
this is a market manipulation done by the Trump family and they are getting richer with crypto and easily manipulating the crypto market with their tweets on X.
Which under the previous administration would be a lawsuit from the SEC, but the freedom fighters wanted Gary gone, now enjoy Bitcoin being turned into a pump and dump scheme.
Regardless of it becoming a pump and dump scheme, people will enjoy this ride. We are back to the wild west again which if there are just ICOs today where exchanges are going to list after the sale, I think we will be seeing a lot of investors taking profit every time.
So far Trump is just picking few altcoins to pump. And maybe he bought a lot of them before announcing this reserves.
They say Trump was talking to Hoskinsons several times before this strategic reserves announcement.
-
At this point it's kind of obvious that he is just playing the game that we see with Elon previously. And his tweets lost the value I guess because it dumped instead of pumping.
BTC reserves is good but adding tons of shit coin, it feels like US is digging their own grave for some individuals benefits.
-
At this point it's kind of obvious that he is just playing the game that we see with Elon previously. And his tweets lost the value I guess because it dumped instead of pumping.
BTC reserves is good but adding tons of shit coin, it feels like US is digging their own grave for some individuals benefits.
I feel that US is big enough to differentiate between bitcoin and shitcoins, but it obvious that they don't. Maybe, because the President of the US himself is a shitcoin owner. I pity for US because they are only trying to hype these shitcoins, and shitcoins will always remain a shitcoin. It's not like bitcoin that majority government will later adopt as their crypto reserve. This is why I respect Bukele, he knows the real coin and only buys bitcoin.
-
At this point it's kind of obvious that he is just playing the game that we see with Elon previously. And his tweets lost the value I guess because it dumped instead of pumping.
BTC reserves is good but adding tons of shit coin, it feels like US is digging their own grave for some individuals benefits.
I feel that US is big enough to differentiate between bitcoin and shitcoins, but it obvious that they don't. Maybe, because the President of the US himself is a shitcoin owner. I pity for US because they are only trying to hype these shitcoins, and shitcoins will always remain a shitcoin. It's not like bitcoin that majority government will later adopt as their crypto reserve. This is why I respect Bukele, he knows the real coin and only buys bitcoin.
Probably they want to make something centralized as the next bitcoin so they can have most of the circulation under control which they will use as a tool to dominte the world like they usually do. But they past that time period, bitcoin grown too much and it's not really something that can be replaced even if US president is making a move for that.
-
XRP? With its recent developments, it might be.
SOL? I don't think so.
ADA? Worst decision that came from him.
TBH, I'm leaning more towards the fact that he just wants to pump the market hence, the announcement. In reality, it isn't that easy for an asset to be a strategic reserve asset, let alone these altcoins. Bitcoin should be enough IMO, and before Trump say things like this, he must do it with Bitcoin first.
Market manipulation at its finest. Just look at the market 24 hours after he said that.
the recent development of XRP is also the development of ADA. i think their RLUSD will first be used in Cardano network, thats what the info i learn from an influencer. i couldn't be sure if its true but he been following ADA for awhile. most influencer in ADA does have that delegation node or whatever they call it.
its where users stake their ADA and earn everyweek afaik. the price swing these days are very good for traders,
-
Which under the previous administration would be a lawsuit from the SEC, but the freedom fighters wanted Gary gone, now enjoy Bitcoin being turned into a pump and dump scheme.
I haven't heard from Gary's fate, is he really kicked by Trump or is it still in the process?
And now Bitcoin is like Trump's pet dog, it can be used for anything, it can be controlled and it is very easy to do a pump dump, but it certainly will not last in the long term.
But if Trump's policy on Bitcoin is good enough and really becomes a supporter of Bitcoin, the trend will really change.
-
A little follow-up on the subject:
Yesterday Donald Trump issued an official executive order, White House link:
https://www.whitehouse.gov/presidential-actions/2025/03/establishment-of-the-strategic-bitcoin-reserveand-united-states-digital-asset-stockpile/
Fact Sheet:
https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/
It seems like the market, in general, sees the content of this order as disappointing, mainly because of this part:
(c) The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers. However, the United States Government shall not acquire additional Stockpile Assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any agency without further executive or legislative action.
Essentially, no taxpayers' money will be used to purchase bitcoins and the reserve will be primarily fuelled by bitcoins seized.
The price dipped to below $84k but bounced back to the ~$90k range later on.
A couple of not-so-positive press hits:
https://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/
https://www.euronews.com/business/2025/03/07/bitcoin-falls-as-trumps-executive-order-disappoints-crypto-enthusiasts
But some people from the Bitcoin community remain optimistic:
https://x.com/Excellion/status/1897901204761723183
(https://www.talkimg.com/images/2025/03/07/0QWo5.png)
-
Regardless of it becoming a pump and dump scheme, people will enjoy this ride. We are back to the wild west again which if there are just ICOs today where exchanges are going to list after the sale, I think we will be seeing a lot of investors taking profit every time.
So far Trump is just picking few altcoins to pump. And maybe he bought a lot of them before announcing this reserves.
They say Trump was talking to Hoskinsons several times before this strategic reserves announcement.
There have often been various factors that make the crypto market pump and dump and this is very natural. And indeed, a scheme like this is actually quite promising for holders who are short term or short term traders. Indeed, this will certainly be quite risky. But just imagine when the crypto market dumps very quickly and deeply, then people buy it and a few days later there is positive news like this, what happens? The crypto market rises rapidly, and huge profits can be generated by people who bought at the previous dump price. and the short term holders will take advantage of this moment to get profits with quite high opportunities. But not everyone uses this short term method, there are also those who do focus on accumulation for the long term period.
-
At this point it's kind of obvious that he is just playing the game that we see with Elon previously. And his tweets lost the value I guess because it dumped instead of pumping.
BTC reserves is good but adding tons of shit coin, it feels like US is digging their own grave for some individuals benefits.
Tells friends to long buy ADA and XRP with some leverage -> tweets on his social network that the USA might buy all this shit for a strategic reserve -> price pumps 50% and more -> friends get rich asf -> friends donate to his campaign and buys his company's shares to give him money -> ??? -> profit.
Seems like it.
-
Tells friends to long buy ADA and XRP with some leverage -> tweets on his social network that the USA might buy all this shit for a strategic reserve -> price pumps 50% and more -> friends get rich asf -> friends donate to his campaign and buys his company's shares to give him money -> ??? -> profit.
Seems like it.
But this (pump) high looks very organic and natural ;D ;D ;D
(https://i.ibb.co/Y4nBVmqR/Capturar.png) (https://ibb.co/9mKHd6C8)
ironic mode > off
From 0.64c to 1.06 USD in one candle
-
Regardless of it becoming a pump and dump scheme, people will enjoy this ride. We are back to the wild west again which if there are just ICOs today where exchanges are going to list after the sale, I think we will be seeing a lot of investors taking profit every time. .
Oh yeah, people are definitely enjoying this!
Is that the reason why we dropped 20k from the previous ATH, because of people enjoying it? ;D
It seems like the market, in general, sees the content of this order as disappointing, mainly because of this part:
(c) The Secretary of the Treasury and the Secretary of Commerce shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers. However, the United States Government shall not acquire additional Stockpile Assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any agency without further executive or legislative action.
Essentially, no taxpayers' money will be used to purchase bitcoins and the reserve will be primarily fuelled by bitcoins seized.
The price dipped to below $84k but bounced back to the ~$90k range later on.
I told you that a week ago, he would not do it because he can't!
To use government money for a reserve, he needs Congress approval.
And it's pretty normal, what's the difference then between using tax money to bail banks or buy Bitcoin?
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
We're going 180 on this now?
-
A question to those who are disappointed in the Executive order. What did you realistically expect from all that reserve thing?
Trump's administration is clearly set on cutting spending and stopping wasteful use of taxpayers' money, and yet many thought that, for some reason, him directing billions of dollars to keep the Bitcoin pump going was a feasible scenario.
When he mentioned the Bitcoin reserve for the first time (pre-election) did he actually say anything about buying bitcoins or just creating the reserve?
-
Trump's administration is clearly set on cutting spending and stopping wasteful use of taxpayers' money,
LOl, and you actually believed that?
House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump's top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion increase in the debt limit so the U.S. can continue financing its bills.
He is cutting 40 billion from USAID, which mainly goes to American business paying for stuff for poor countries, and he approved an increase of the debt ceiling higher than 4 trillion!
This whole thing is really hilarious, so the US pays American workers, american companies 10 million to build a tank, money that stays in the US, that tank is either rusting in the desert or being shipped to Ukraine, now by Trump and his dumb mentally challenged followers by not sending 100 of those tanks in Ukraine he is cutting the spending by 1 billion and saving the US GDP a bilion. ;D ;D ;D
This is just beyond funny, is cringe shit material.
-
A question to those who are disappointed in the Executive order. What did you realistically expect from all that reserve thing?
Trump's administration is clearly set on cutting spending and stopping wasteful use of taxpayers' money, and yet many thought that, for some reason, him directing billions of dollars to keep the Bitcoin pump going was a feasible scenario.
When he mentioned the Bitcoin reserve for the first time (pre-election) did he actually say anything about buying bitcoins or just creating the reserve?
Exactly
A few months ago I remember us discussing the possible store of value, and the conclusion most people came to was to use the BTC they already have, after all it's the easiest way to have BTC without having to spend anything extra
This fact alone guarantees that the BTC won't be sold, and possible new seizures won't either, which makes them yet another BTC holder among the whales, since they have something around US$ 17.5 billion in BTC
-
A little follow-up on the subject:
Big Thanks for the infi ..
+1
I thought with this, the crypto market would be able to skyrocket rapidly, but it turns out there are some apartments that are indeed quite a concern. And finally, the crypto market is still like this. There is indeed an increase, but not as significant as I thought.
But, it's okay.
The pump and dump scheme will continue, who knows until when. But, well, let's just enjoy this flow.
-
There's some pushback from the Democratic Party (Rep. Gerald E. Connolly) urging the Treasury to reject the strategic reserve proposal:
https://www.tradingview.com/news/cryptonews:b5f00f469094b:0-treasury-urged-to-dismiss-trump-s-proposal-for-a-strategic-bitcoin-reserve/
That's not much of a surprise as we already knew that democrats have a lot of non-crypto friendly members in their ranks, but I think, judging by the argumentation stated in the article, it's more of an attempt to hit Trump himself rather than the reserve idea.